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Noble House Hotels & Resorts Retains Management With Sale of LaPlaya Beach Resort & Club

SEATTLE, May 26, 2015 (GLOBE NEWSWIRE) -- Noble House Hotels & Resorts and Barron Collier Company today announced they have completed a transaction to sell the legendary LaPlaya Beach Resort & Club in Naples, Florida for $185.5 million. LaPlaya Golf Club was affiliated with the resort in 2001, and is not part of the resort sale and will remain under the ownership and management of Halstatt and SJ Lockwood & Company. The companies completed the sale which closed as of May 21, 2015 with new owner, Pebblebrook Hotel Trust.

"As a long-term investment, we are thrilled with LaPlaya Beach Resort & Club's performance," Noble House Hotels & Resorts Owner, Founder and Chairman of the board Pat Colee said in a statement. "Naples continues to grow and be recognized as an international market for the luxury consumer. With the unique beachfront location, the resort has outperformed with guest satisfaction and superior financial results. Resulting in this sale, we know there is continued growth for the market and the resort."

Known for their expansive expertise and financial performance in the lifestyle hotel space, Noble House was chosen by Pebblebrook Hotel Trust to retain the management contract. Beyond that, under Noble House's management, LaPlaya has been a perennial recipient of numerous prestigious awards, including the Conde Nast Traveler "Gold List" and Travel + Leisure "World's Best," and the LaPlaya Beach & Golf Resort has enjoyed tremendous year over year membership growth.

"The acquisition of LaPlaya Beach Resort & Club, one of the most notable luxury beachfront resorts in Florida, perfectly aligns with our portfolio expansion and investment strategies," Jon Bortz, Chairman of the Board, President, and CEO of Pebblebrook Hotel Trust stated. "Further, extending Noble House's management contract was an easy decision – the brand's service focused management style, knowledge of the Florida market, and long history with the property were some of the many reasons we've retained them."

Founded in 1994, Noble House Hotels & Resorts is a privately held development company based in Seattle, Washington. The company owns and manages 14 boutique hotels and resorts spanning the four coastal corners of the U.S. In addition to LaPlaya Beach Resort & Club, the Noble House collection includes such renowned properties as Little Palm Island Resort & Spa in the Florida Keys and The Edgewater in Seattle, Washington.

LaPlaya Beach Resort & Club is the only true beachfront, boutique resort on Florida's Gulf Coast, rivaling the élan of South Beach. With a coveted spot on the Condè Nast Traveler "Gold List," as well as being ranked no. 2 on their Best Florida Resorts List, and #1 Golf Resort in Florida by Travel+Leisure. The stylishly simple escape is situated on private, sweeping white sands and gently lapping turquoise waters of the Gulf of Mexico, nestled next to the picturesque Vanderbilt Bay, and features crisp blue cabanas alongside cascading rock-waterfall pools, beach fire-pits, a thatched-roof tiki bar, beach butlers, ultra-exclusive David Leadbetter Golf Academy complete with a private 18-hole Bob Cupp golf course, exotic SpaTerre, delectable oceanside fine dining at BALEEN, stunning sunsets and more.

For more information on LaPlaya Beach & Golf Resort, call 800.237.6883 or visit www.laplayaresort.com. To engage with the resort socially, visit Facebook.com/LaPlayaBeachResort or find us on Twitter at @LaPlayaNaples.

Noble House Hotels & Resorts

Noble House Hotels & Resorts, Ltd., has been a privately held company for more than 30 years, originally founded in 1979 by owner Patrick R. Colee as a commercial property development group. Officially transitioned in 1994, this Seattle, Wash. based corporation owns and manages an upscale portfolio of 14 distinct and visually captivating properties spanning the four coastal corners of America with the newly refurbished Kona Kai Resort & Spa and Riviera Palm Springs in Calif., Little Palm Island Resort & Spa in the Florida Keys, and The Edgewater in Seattle, Wash. With a philosophy that emphasizes "location, distinction and soul," Noble House Hotels & Resorts exemplifies individuality, dedicating itself to creating and managing exceptional properties that contribute to their communities, stay true to local history, culture and ambiance. For more information, visit www.NobleHouseHotels.com or call Noble House Hotels & Resorts at 877.NOBLE.TRIP.

CONTACT: FOR MORE MEDIA INFORMATION: ALYCIA REA/KERRY ANNE WATSON THE ZIMMERMAN AGENCY AREA@ZIMMERMAN.COMSource:LaPlaya Beach & Golf Resort